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Operating Expense Breakdown
Details core costs like R&D, marketing, and admin, offering insight into how efficiently IBM runs and where it’s prioritizing investment.IBM is visibly prioritizing R&D—a steady, multi‑year increase consistent with a long‑term AI/cloud push—while SG&A has stayed roughly contained, showing disciplined overhead management despite occasional upticks. The 'Other' line is erratic with huge positive spikes (notably 2022Q3 and 2024Q3), which are almost certainly one‑time accounting items that distort quarter‑to‑quarter expense trends and can mask real operating leverage. Intellectual Property appears as a steady negative offset rather than a growing expense. Focus on R&D and normalized SG&A, not ‘Other’, to assess margin improvement prospects.
Date | Research and Development | Selling, General, and Administrative | Other | Intellectual Property |
|---|---|---|---|---|
Jun 30, 2026 | $2.31B | $4.98B | -$185.00M | -$166.00M |
Mar 31, 2026 | $2.17B | $5.09B | -$1.00M | -$172.00M |
Dec 31, 2025 | $2.19B | $5.46B | -$66.00M | -$277.00M |
Sep 30, 2025 | $2.08B | $4.75B | -$173.00M | -$219.00M |
Jun 30, 2025 | $2.10B | $5.03B | -$39.00M | -$215.00M |
Mar 31, 2025 | $1.95B | $4.89B | -$165.00M | -$253.00M |
Dec 31, 2024 | $1.97B | $4.87B | $177.00M | -$301.00M |
Sep 30, 2024 | $1.88B | $4.91B | $2.24B | -$238.00M |
Jun 30, 2024 | $1.84B | $4.94B | -$233.00M | -$241.00M |
Mar 31, 2024 | $1.80B | $4.97B | -$317.00M | -$216.00M |